Google and Apple announced in spring 2021 that they would be launching hubs in The Triangle. Now, the Durham community is preparing to grapple with the impact of these huge investments.
Google announced in March that it had chosen Durham to be the site of a new cloud engineering hub that’s expected to be one of Google’s premier engineering hubs and could bring 1,000 jobs to downtown Durham in the coming years. In April, Apple revealed a plan for a $1 billion, one-million-square-foot campus in the Research Triangle Park that could bring over 3,000 jobs to the area in the next decade.
The expansions will provide a boost to the Triangle’s economy by bringing these jobs to the area, including for Duke students—but it could also stymie the success of tech startups, increase congestion and accentuate Durham’s lack of affordable housing.
“[Google and Apple] will definitely affect the economy of the Triangle,” said Connel Fullenkamp, professor of the practice of economics. “They’re large enough employers that they will give an even bigger boost to the things that have been happening here.”
Companies are constantly moving out of the area or downsizing, so it’s important for new companies to move in to boost the economy, Fullenkamp said.
However, the new jobs aren’t going to be just for local residents. The promise of a six-figure salary…